Indian rupee weakened against the US dollar on Monday, due to increased demand for the American currency from importers amid increasing global crude oil prices. Further, the dollar's strength against some currencies overseas too weighed on the rupee. On the global front, the dollar built on last week’s gains and rose toward a 16-month high on Monday as traders expect the US Federal Reserve to keep tightening monetary policy, but sterling remained under heavy pressure amid uncertainty over a Brexit deal.
The partially convertible currency is currently trading at 72.96, weaker by 46 paise from its previous close of 72.50 on Friday. The currency touched a high and low of 72.9700 and 72.7400 respectively. The reference rate for the dollar stood at 72.73 and for Euro stood at 82.51 on November 9, 2018. While the reference rate for the Yen stood at 63.84, the reference rate for the Great Britain Pound (GBP) stood at 94.87. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| November 09, 2018 | 72.7347 | 94.8737 |
| November 06, 2018 | 73.0097 | 95.3020 |
(Reference Rate)
